KeyCorp (KEY) Holdings Boosted by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its position in KeyCorp (NYSE:KEY) by 136.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,108 shares of the financial services provider’s stock after buying an additional 6,419 shares during the quarter. Valeo Financial Advisors LLC’s holdings in KeyCorp were worth $224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. increased its holdings in KeyCorp by 36.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 25,949 shares of the financial services provider’s stock valued at $524,000 after buying an additional 6,887 shares during the period. Mariner Wealth Advisors LLC boosted its stake in shares of KeyCorp by 20.3% in the 4th quarter. Mariner Wealth Advisors LLC now owns 189,597 shares of the financial services provider’s stock valued at $3,824,000 after purchasing an additional 32,021 shares in the last quarter. Capital Fund Management S.A. boosted its stake in shares of KeyCorp by 24.1% in the 4th quarter. Capital Fund Management S.A. now owns 1,295,075 shares of the financial services provider’s stock valued at $26,122,000 after purchasing an additional 251,500 shares in the last quarter. Fagan Associates Inc. boosted its stake in shares of KeyCorp by 351.3% in the 4th quarter. Fagan Associates Inc. now owns 51,835 shares of the financial services provider’s stock valued at $1,046,000 after purchasing an additional 40,350 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of KeyCorp by 4.4% in the 4th quarter. D.A. Davidson & CO. now owns 162,292 shares of the financial services provider’s stock valued at $3,273,000 after purchasing an additional 6,768 shares in the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently weighed in on KEY shares. Morgan Stanley restated an “overweight” rating and issued a $23.00 price target on shares of KeyCorp in a research note on Thursday, December 14th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and raised their price target for the company from $23.00 to $24.00 in a research note on Thursday, January 25th. Finally, Oppenheimer restated a “hold” rating on shares of KeyCorp in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.07.

In other news, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the transaction, the insider now owns 51,791 shares in the company, valued at approximately $1,098,487.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher M. Gorman sold 56,038 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Shares of KeyCorp (NYSE:KEY) opened at $20.95 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.22. The company has a market cap of $22,472.15, a P/E ratio of 18.71, a P/E/G ratio of 1.33 and a beta of 1.04.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter in the previous year, the company earned $0.31 EPS. analysts predict that KeyCorp will post 1.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a $0.105 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.00%. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.

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About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

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